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AlekseyPX
3 years ago
14

Lori gets an offer from another bank that is also paying 6% on CD's, but is compounding interest daily. How much will the $1500

CD be worth in: 5 years?
Mathematics
1 answer:
-Dominant- [34]3 years ago
3 0
In 5 years it will be worth 7,500.
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Given the two points (3,1) and (5,4), find the equation of the exponential function that passes through these two points.
sveticcg [70]

Answer:

y = \frac{1}{8}(2)^{x}

Step-by-step explanation:

For an exponential of the form y = a(b)^{x}

Use the given points to find a and b

Using (3, 1 ), then

1 = ab³ → (1)

Using (5, 4 ), then

4 = ab^{5} → (2)

Divide (2) by (1)

\frac{ab^5}{ab^3} = 4

b² = 4 ⇒ b = \sqrt{4} = 2

Substitute b = 2 into (1)

a2³ = 1

8a = 1 ( divide both sides by 8 )

a = \frac{1}{8}

Thus exponential function is

y = \frac{1}{8}(2)^{x}

7 0
3 years ago
Use the Line tool to draw a linear model through the data points if they show a linear association. If there is no linear associ
34kurt

Answer:

I do not believe there is a linear association.

4 0
3 years ago
I need help figuring out what x is​
amm1812
There you go. Let me know if you have questions

8 0
4 years ago
Convert 1.09 g/ mL to lb/ gal.
ki77a [65]
 <span>1 g ≈ 0.00205 lbs </span>
<span>1 mL ≈ 2.642 * 10^(-4) gal </span>

<span>You should get... </span>

<span>1.09 g/mL ≈ 9.096 lbs/gal </span>

<span>Good luck!</span>
4 0
3 years ago
What is 28 equal to 14 plus 7w
Kisachek [45]

Answer:

2=w

Step-by-step explanation:

28 = 14 + 7w

-14     -14

14 = 7w

14/7 = 2

7w/7 = w

8 0
4 years ago
Read 2 more answers
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